SoFi Technologies, Inc.SOFI
| Dec 31,
2020 | Dec 31,
2021 | Dec 31,
2022 | Dec 31,
2023 | Dec 31,
2024 |
|---|
| Loans and securitizations | - | 338 | 749 | 1,944 | 2,602 |
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| Other | - | 3 | 14 | 107 | 206 |
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| Total interest income | - | 355 | 773 | 2,051 | 2,808 |
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| Securitizations and warehouses | - | 90 | 110 | 244 | 112 |
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| Deposits | - | - | 60 | 508 | 930 |
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| Corporate borrowings | - | 10 | 18 | 37 | 48 |
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| Other | - | 2 | 1 | 0 | 0 |
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| Total interest expense | - | - | - | - | 1,091 |
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| Net interest income | - | 252 | 584 | 1,262 | 1,716 |
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| Loan origination, sales, and securitizations | - | - | - | - | 256 |
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| Servicing | - | -2 | 44 | 37 | 22 |
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| Technology products and solutions | - | - | 305 | 324 | 351 |
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| Loan platform fees | - | - | - | - | 142 |
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| Other | - | 60 | 76 | 128 | 188 |
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| Total noninterest income | - | 733 | 989 | 861 | 958 |
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| Total net revenue | - | 985 | 1,574 | 2,123 | 2,675 |
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| Provision for credit losses | - | - | 54 | 55 | 32 |
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| Research and Development Expense | - | 276 | 405 | 511 | 552 |
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| Sales and marketing | - | 427 | 618 | 719 | 796 |
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| Cost of Revenue | - | 257 | 313 | 380 | 462 |
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| General and administrative | - | 499 | 502 | 511 | 600 |
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| Goodwill impairment | - | - | - | 247 | - |
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| Total noninterest expense | - | 1,466 | 1,892 | 2,424 | 2,410 |
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| Income (loss) before income taxes | - | -481 | -319 | -301 | 233 |
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| Income tax benefit (expense) | - | 3 | 2 | -0 | -265 |
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| Net income (loss) | -646,393 | -484 | -320 | -301 | 499 |
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| Unrealized gains (losses) on available-for-sale securities, net | - | -1 | -7 | 6 | -7 |
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| Foreign currency translation adjustments, net | - | 0 | 0 | 1 | 0 |
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| Total other comprehensive income (loss) | - | -1 | -7 | 7 | -7 |
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| Comprehensive income (loss) | - | -485 | -327 | -294 | 492 |
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| Earnings Per Share, Basic | - | -1 | -0.4 | -0.36 | 0.46 |
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| Earnings Per Share, Diluted | - | -1 | -0.4 | -0.36 | 0.39 |
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